Brookfield Infrastructure Partners LP $BIP Shares Newly Acquired by Gold Investment Management Ltd.

Key Points

• Gold Investment Management Ltd. acquired 181,018 shares of Brookfield Infrastructure Partners in the third quarter, valued at approximately $6.4 million and representing 1.8% of its portfolio. Institutional investors collectively own 57.92% of the company.
• Brookfield Infrastructure Partners shares recently fell 0.8% to $37.15. The company reported quarterly earnings of $0.89 per share, well above the $0.16 consensus estimate, while revenue rose 19.4% year over year to $6.48 billion.
• The partnership maintains a quarterly dividend of $0.455 per share, or $1.82 annualized, for a 4.9% yield. Analysts hold a consensus “Moderate Buy” rating with an average price target of $45.11.

Gold Investment Management Ltd. purchased a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 181,018 shares of the utilities provider's stock, valued at approximately $6,435,000. Brookfield Infrastructure Partners comprises 1.8% of Gold Investment Management Ltd.'s investment portfolio, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in BIP. Bank of Nova Scotia increased its stake in shares of Brookfield Infrastructure Partners by 28.0% in the first quarter. Bank of Nova Scotia now owns 2,812,022 shares of the utilities provider's stock valued at $101,409,000 after buying an additional 614,531 shares during the period. The Manufacturers Life Insurance Company boosted its position in Brookfield Infrastructure Partners by 55.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,761,387 shares of the utilities provider's stock worth $99,572,000 after buying an additional 979,842 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $76,976,000. Addenda Capital Inc. boosted its position in Brookfield Infrastructure Partners by 0.7% during the 2nd quarter. Addenda Capital Inc. now owns 777,392 shares of the utilities provider's stock worth $28,367,000 after buying an additional 5,534 shares during the period. Finally, Bank of America Corp DE grew its holdings in Brookfield Infrastructure Partners by 1.4% during the 1st quarter. Bank of America Corp DE now owns 555,778 shares of the utilities provider's stock worth $20,075,000 after acquiring an additional 7,931 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Trading Down 0.8%

Brookfield Infrastructure Partners stock traded down $0.30 during trading hours on Monday, reaching $37.15. 499,838 shares of the company's stock were exchanged, compared to its average volume of 854,543. The firm has a market capitalization of $17.00 billion, a PE ratio of 59.91 and a beta of 1.06. The firm's 50 day simple moving average is $37.13 and its 200 day simple moving average is $37.66. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.83. Brookfield Infrastructure Partners LP has a twelve month low of $33.21 and a twelve month high of $44.03.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.73. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The business's revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. Research analysts predict that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, August 31st were given a $0.4550 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, August 31st. Brookfield Infrastructure Partners's payout ratio is presently 293.55%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Brookfield Infrastructure Partners from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and set a $47.00 price target (up from $45.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Brookfield Infrastructure Partners from a "hold (c-)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Finally, BMO Capital Markets boosted their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of "Moderate Buy" and an average price target of $45.11.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. NYSE: BIP is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.

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